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and treasury secretary timothy geithner. >> we are flabbergasted. we have seven weeks between election day in the end of the year. three of those weeks have been wasted. >> we are not going to extend an extension of the tax rates. we think they need to go back to those levels. if you don't do that, you have to ask yourself, whose taxes are we going to raise? were we going to find the money bring a balanced plan in place? jenna: senator lindsey graham, a republican known for reaching across the aisle, not looking at this with a great deal of optimism. >> i think we're going over the fiscal cliff. it's pretty clear that they have made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has ma
in tax hikes and then once re-elected he doubled it. even if he gets that higher amount, we did some calculations, that is only going to pay for about 16 days of government spending. aren't taxes insignificant compared to entitlement reform which you and i were talking about, president obama promised he would tackle it in his first term? >> entitlement vessel basically everything which is another reason going off the cliff in the long term is not going to be that beneficial. there is nothing in the peelts for going off the cliff that address our long term entitlement problems. you still have that problem. >> gregg: i apologize you. we have breaking news we have to get to. jamie weinstein, thanks. >> heather: news conference going on in irving, texas where the police department is talking about a car accident that has left one dallas cowboys teammate dead and another behind bars. let's listen. >> okay. the irving police department is investigating a single fatality accident involving two dallas cowboy football players. at approximately 2:21 this morning, joshua brent was traveling wes
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